Audi, Porsche to join Formula one, says Volkswagen CEO

Sport Spirit02 May, 2022Sport

Highlights Of the two brands, Porsche's preparations to join the sport look more concrete, said Diess. Audi is ready to offer around 500 million euros ($556.30 million) for British luxury sports carmaker McLaren as a means to enter. Meanwhile, Porsche intends to establish a long-term partnership with racing team Red Bull. The latest development coming in has hinted at two new car manufacturer companies joining Formula One. Volkswagen?s premium brands Audi and Porsche are planning on joining Formula One, the company?s CEO Herbert Diess said on Monday. After several months of negotiation, the two brands look set to enter the highest class of international motor racing.